Tuesday, August 6, 2013

The Morning Call--8/6/13

The Morning Call


The Market

Yesterday, the Dow (15612) confirmed the break above the upper boundary of its short term trading range (14190-15550); hence it re-sets to an uptrend (14994-16000).  That moves it back in sync with the S&P (1609-1765).  Both remain within their intermediate term (14498-19498, 1540-2128) and long term uptrends (4918-17000, 715-1800).

            Investors that want to ride this pony might look at IYLD (multi asset ETF), SPHD (high yield S&P stock ETF) or for the really strong of heart the IWO (Russell 2000 growth ETF).  Which ever you may choose, put in very tight stops.  Our Portfolios are too scared to do anything.

            Why are these value managers holding cash?

            QE: the definition of insanity (short):

            All roads lead to the Fed (video):

      News on Stocks in Our Portfolios

   This Week’s Data


            Richard Fisher on the Fed’s Gordian Knot (medium):



  International War Against Radical Islam

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